Summary
Investors added $170 million to IBIT on Thursday, buying almost 4,300 bitcoin and increasing their total holdings to 49,952. As the price of bitcoin surpassed $40,000, IBIT’s assets under management (AUM) exceeded $2 billion.
Key Points
1. Investors added $170 million to IBIT on Thursday, increasing the fund’s total tokens held to 49,952.
2. The purchase of nearly 4,300 bitcoin (BTC) contributed to the increase in assets under management (AUM) for IBIT.
3. The rise in the price of bitcoin above $40,000 early Friday pushed IBIT’s AUM above $2 billion.